The City Council adopted a goal in 2015 to develop plans related to economic development and the 2016 Residential Survey identified Economic Development as one of the top priorities of respondents.
A committee of volunteers was formed to develop an Economic Development Plan for the City of Kewanee. The committee members met roughly bi-weekly to work through past planning efforts and other ideas to develop the Economic Development Plan. Resolution #4994 to establish the City of Kewanee Economic Development Plan was approved on August 8, 2016.
Both the Economic Development and Community Development Plans contain a recommendation to establish incentives for Economic and/or Community Development. The City Council recently adopted incentive guidelines for:
Tax Increment Financing (TIF)
Enterprise Zone Incentives Building Materials Exemption Certificate Instructions
Brownfields Targeted Assessment
Facade Improvement Program Application
Kewanee Revolving Loan Program
Kewanee Small Business Interest Payment Program
Community Development Programs:
Demolition Grant Program
Sidewalk Replacement Program
Distressed Property Reinvestment Program
Infill Development Program
Targeted Minor Home Repair Application